And go where? Your wealth is tied to a physical location.
Awesome.
South Korea has the death penalty for people who perform capital flight. So let the billionaires leave, but not as billionaires.
They always say that but never do. They love their palaces and the local status it gives them. They aren’t going anywhere. Humans hate change.
No they won’t. 😂
How would that be bad?
No it doesn’t. It has them threatening to leave while having no intention of leaving. Just look at NYC after Mamdani, or the 500 million MA has collected after passing their wealth tax and no one left.
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Oh no! The people who hoard all the money and don’t pay taxes might leave?
No. They won’t.they said the same in MA, they sais the same in CT, they said the same in NY, and forever in NJ.
Stop trying to make them leave because for them there’s nowhere to leave.
Well, how about we just tax the shit out of them? That would be cool
I’m sure somehow everyone will just muddle through with their departure.
Win/Win?
It’s a win-win.
Then tax them more if they try to do any business in California.
“LET US COLLECT MORE MONEY THAN ANYONE WOULD EVER NEED OR WE’LL LEAVE!”
